Morning journal and courier., 1887-05-24
ANOTHER OFFER FOR THE DERBY

w. H. Starbuck Will Give $2OO.OOO fin
 Cash for the 2,OOO Shares of Derby
 Stock-WilI Buy All Stock Held by
 Individuals at $75 Per Share-He
 VIII Within Two Years Extend the
 Road to the Most Convenient HOusa.
 tonic Road POInt-The Offer Re.
 ferred to the Finance eCOmmittee-The Committeess Reports Accepted.
 There was quite surprise sprung upon the members of the board of aldermen at their special meeting last evening. Another offer was made for the city's interest in the Derby road. Up to the announcement by Mayor York but few persons knew that such an offer was to be made.
 The report of the board of finance unfaYor- able on the proposition for the sale of the Derby railroad was first read. A motion to adjourn at this point was lost.
 Alderman States moved that the report be accepted.
 Mayor York stated that he had received | another offer for the purchase of the eity's interest in the Derby, and the report of the committee was temporarily tabled. The following was then read:
 To Hon. S. A. York, Mayor of the city of New Ha- Dear Misunderstanding that the matter of tho sale of the interest of the city of New Haven in the New Haven and Derby railroad is under considera- be s % a he abS % that you will bring to the attention of the Court pay f Haven and Derby railroad company now held by cfty Gasy against the raroad which W to be two hundred and eight thousand dollars, bonds, which were guaranteed by the city. of New Haven, and note for fifty thousand & dollars Gpast ny viii agree to buy all the stock of the raiirqad hed by aar of ee pd at the rate of seventy-ive dollars per share will further agree within reasonable ., time, say two ana Derby railroad company so as to make Hawley- vile or the most convenient adjacent point upon western terminus and to bring it into direct con nection with the system of railroads there center 'Ds' W H. srARBuck. An attempt was made to have the offer acted on as an amendment to the committees report. There was much discussion. Alderman Daley said: eff this link is add ed to the Derby road it would be of immense value to the business interests of Newhaven There is an immense notwithstanding the Consolidated-which is gradually tight ening the coils around the business interests of the city and absorbing everything they can put their hands on. Last Saturday they hired the Naugatuck, feeder of the Derby, and have lease of ninety-nine years for the Valley road. As I stand here tonight it isn't with me matter of dollars and cents. I don't care whether it is $50, 900 or $100, ,00O. I propose to do what believe to be for the best interests of the business interests. am ready to vote for the sale when I see that the coil is being frightened while the Court of Common Council is lag ging over this affair. If proper guarantee is made for the extension I say sell the road and shall vote for the sale. If this gentle man can give this guarantee I stand ready to vote. I shall demand this road shall be ex- tended and that Starin's dock shall be kept open and not starved out and driven to Bridgeport. I don't believe this offer is matter of new business"
 Aldermen Barnes and Martin wanted the offer of MT. Starbuck referred to the finance committee and it was so voted.
 The aldermen then accepted the report of the committee on the proposition of the Housatonic Valley company.
 An endeavor was made to have the Joel A. Sperry offer referred back to the finance committee. Aldermen Martin, Watrous and Whitmore favored recommittal. Alderman Daley was opposed to referring back. MT. Sperry has had his day in the matter and after mature deliberation the committee de- cided to reject his proposition. The report ought to be accepted.
 After further debate the report of the com mittee on both propositions was accepted.